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Algerian British Business Council 28-08-2017

Monday - 28 / August / 2017

Monday 28th August 2017

 

Welcome to the latest Edition of the ABBC Business News Digest.

Please find here the latest business news and opportunities in Algeria.

 

ABBC Secretariat

Yousfi broaches with UK ambassador Industry cooperation                                                                                           28/08/2017                                                                                                                                                      The Minister of Industry and Mines, Youcef Yousfi, welcomed the UK ambassador Andrew Noble to Algiers on Sunday, with whom he spoke mainly of strengthening cooperation in the industrial and mining sectors between Two countries, the ministry said in a statement. According to the same source, "the British ambassador expressed his satisfaction with the progress made in recent years in the various fields of bilateral cooperation and requested support for the realization of certain partnership projects under discussion Particularly in the fields of pharmacy, energy and telecommunications ". Mr. Yousfi "reassured his interlocutor of the availability of the services of the Ministry of Industry and mines to accompany British companies that would like to invest in Algeria," said the same source. The Minister also expressed his wish to see other English companies seize the opportunities offered by the Algerian market, particularly in the field of mines. On the other hand, the two sides discussed the training aspects for the sector's executives, in particular those responsible for monitoring investment files, the statement said. Read more.                                                                                                                                                                                                Algeria has "all assets" to consider economic future in "serenity"           21/08/2017                                                                                                                                                          Algeria has "all the assets" that enable it to consider its economic future in "serenity,"  despite the "difficult" situation, both at the internal and external levels, affirmed Thursday Algiers the socio-economic partners, in a gratitude message to President of the Republic, Abdelaziz Bouteflika. "By combining our efforts, we are convinced that, in spite of the delicacy of the context, both internally and externally, our country has all the assets that enable it to envisage its economic future with serenity, Said the signatories of the Economic and Social Pact of Growth, in a message read by the General Secretary of the General Union of Algerian Workers (UGTA), Abdelmadjid Sidi Said, at the end of the tripartite meeting Government-UGTA-Patronat presided By Prime Minister Ahmed Ouyahia. Read more.                                                                                                                                                                                         Government "will spare no effort" in improving investment framework                                                                                    24/08/2017                                                                                                  The government "will spare no effort" to improve investment framework and cultivate a serene relationship with companies, Prime Minister Ahmed Ouyahia said Thursday. The government will spare no effort to improve the investment framework and to cultivate serene relations with companies, within the framework of the law," Ouyahia said at a consultation meeting with economic and social partners. (UGTA and employers) in preparation for the next Tripartite. Mr Ouyahia pointed out that this meeting followed the President of the Republic's recent appeal to the government and its economic and social partners to "set an example for society with a spirit of solidarity, Mobilization and unity so that Algeria takes up the challenge of the financial crisis and continues the process of development that it started almost two decades ago. In this spirit, the Prime Minister expressed "the feelings of respect and solidarity that the government feeds towards all workers", adding that it "also cultivates consideration for all public, private or mixed enterprises , Which are the lever for growth, job creation and diversification of the national economy. Read more.                                                                                                                                              Algeria: Ministry of Agriculture restarts cattle import activity                       23/08/2017                                                                                                                                                     The Ministry of Agriculture, Rural Development and Fisheries will shortly resume the import of cattle after controlling the outbreaks of foot-and-mouth disease in some provinces, which have affected many livestock ‘Fattening,’ said a ministry official. “The veterinary services are working on organizational preparations and legal procedures to relaunch the importation of cattle, especially those destined for fattening,” said the Director of Veterinary Services and Senior Veterinary Inspector for the Health Ministry, Khaled Bara. The activity has been frozen since March after the outbreaks of “A” type foot-and-mouth disease that affected some cattle in several provinces of the country, said the same source. Read more.                                                                                                                                    Rehabilitation of Algiers Refinery: Works are strengthening, well- developed                                                                                        22/08/2017                                                                                                                                                             The rehabilitation and extension works of Sidi R’cine oil refinery (south-east Algiers), entrusted at the end of 2016 to a Chinese company, “are progressing well” thanks to the management by Sonatrach company of various constraints, particularly those related to staff shortages, Energy Minister, Mustapha Guitouni, said on Tuesday, ensuring that the project will be delivered on time, in October 2018, APS reported on Tuesday. “Today we have seen that things have gotten organized and are going much better, we feel that the yard has really started, and Sonatrach, with its new management, has taken things in hand,” the Minister told APS, after an unannounced inspection visit to the refinery, accompanied by Sonatrach’s CEO, Abdelmoumen Ould Kaddour, and sector officials. Read more.                                                                                                                                       Economic reforms: Ahmed Ouyahia's new stance                                      27/08/2017                                                                                                                                                                Ahmed Ouyahia is preparing to present its program of government to the Parliament in a few days. There is little doubt that he will continue to implement, and with greater rigor, the on-going adjustment of state expenditure to its current level of resources, which is strongly impacted by the lower oil prices. What is much less certain is its willingness to propose and implement "structural reforms" of the Algerian economy. Mr. Ouyahia's questioning on this subject seems all the more legitimate since he was four times prime minister since this issue appeared in the national economic debate in the mid-1990s. Is Ahmed Ouyahia capable to implement economic reforms? On Thursday, on the occasion of his meeting with the social partners, the Prime Minister informed them "of the financial tensions facing the country", before affirming, in front of the national television cameras after a private meeting, that "the situation was difficult ". "But”, he tried to reassure, “the government will maintain its policy of social justice and national solidarity”. Read more.                                                                                                                                                                                                                                                                       JSW Steel Company negotiates with Cevital to acquire mill in Italy for $100 million                                                                                                                        28/08/2017                                                                                                                                                             An Indian steel company, owned by JSW Group based in Mumbai, managed by by Sajjan Jindal, has launched negotiations with Algerian Company “Cevital”, to acquire its Aferpi steel mill in Italy, for an amount estimated at USD 100 million, Outlookindia website reported on Monday, citing Industrial source. JSW Steel is in talks with Cevital Group to acquire Aferpi, an industry source confirmed. Earlier, the private steel maker had earlier tried to acquire the mill in 2014, when it was known as Lucchini. The Algerian conglomerate Cevital, however, acquired Lucchini and renamed it Acciaierie e Ferriere di Piombino (Aferpi). JSW Steel may offer a financial consideration of USD 100 million (about Rs 639 crore) to Cevital Group to acquire the mill, the source said. Emails sent to JSW Steel and Cevital Group, in this regard, remained unanswered while the JSW Group official did not respond to the calls. Read more.                                                                                                                                                                                                                                   Algeria's agricultural production amounts to DZD3,000 bn                       24/08/2017                                                                                                                                                  Algeria's agricultural production has reached DZD3,000 billion as a result of the significant resources made available by the government, the minister of Agriculture, Rural Development and Fishing,  Abdelkader Bouazgui, said Wednesday. The minister stressed during a working visit in the wilaya that this value represents a bill of $ 30 billion, praising the sustained efforts of farmers at all levels to meet the needs of citizens. Visiting a vineyard operation in Chaabat L'ham, Mr. Bouazgui recalled the important means and support provided by the State to the agricultural sector since 2000 in the framework of the development programs initiated by the President of the Republic, Abdelaziz Bouteflika, contributing to the satisfaction of 60 to 70 percent of the national needs in agro-food products. "The programs that have benefited the sector have made it possible to realize a significant number of objectives drawn and to place agriculture at the heart of development," he said. Read more.                                                                                       Import licensing system still in force, repeal covers regulatory aspects only                                                                                 28/08/2017                                                                                                                                                             The import licensing system, in force since December 2015, has been "maintained" while the Executive Decree of 22 August 2017 published in the Official Journal revoked only some regulatory aspects included in the decree of June 2017, which modifies the 2015 decree, said Sunday a Trade Ministry statement. "The Ministry wishes to inform all economic operators that the system of import or export licenses is still in force while the repeal contained in Executive Decree 17-245 of 22 August 2017 concerns only certain aspects Regulations of Decree 17-202 of 22 June 2017 amending and supplementing Decree 15-306 of 6 December 2015, "said a ministry statement sent to the APS. According to the communiqué, "the provisions of Decree 15-306 laying down the terms and conditions for the application of the import or export licensing regime for products and merchandise remain in force". Read more.                                                                                      Projects to build 330,000 housing units to be launched soon                       24/08/2017                                                                                      The Minister of Housing, Urban Planning and the City Abdelwahid Temmar announced Wednesday in Algiers that his department considered the launch of the implementation works of 330,000 housing units whose works had not already started, as part of the program to build 1,600,000 housing units including 55,000 in Algiers and 120,000 rental housing units (AADL) and other housing types. Speaking at a key handover ceremony to the LPP and AADL subscribers, the minister said the re-launch of these projects was part of the priorities of the sector's action plan, adding that "50% of the programs are ready and await the settlement of problems relating to land ". For the first person in charge of the sector, the launching of the work of these programs requires "a great effort" and a "strict respect of the planning of realization". The aim of the preliminary evaluation exercise launched at the ministry level is to achieve "better control of the figures" …. Read more.                                                                                                                  Tripartite meeting: Exchange between partners "deep, constructive"                                                                                     24/08/2017                                                                                                                                                          The tripartite meeting that brought together the Government, the General Union of Algerian Workers (UGTA) was "deep and constructive" and should allow the country to move towards a strong national economy while preserving the efforts made in the social field, said the Secretary General of the UGTA Abdelmadjid Sidi said. "The talks have lived up to the message of the President of the Republic on the 20th of August in progress (on the occasion of the National Day of the Mujahedin). The exchange (between the partners) was fraternal and strong. “This will allow us to move forward, hand in hand and in all serenity, in the construction of a strong national economy and sustained social justice, ". Read more.                                                   Housing and urban planning: reflection on the method of financing, legislation and control                                                                                     

28/08/2017                                                                                                                                                          The Minister of Housing, Urban Planning and the City, Abdelwahid Temmar, said Monday in Algiers that his department has begun preparing a roadmap by opening eight (8) workshops on several aspects , including the possibility of revising the planning, finance, monitoring, training and Other Act to speed up the implementation of a designated habitat program. According to Temmar, the roadmap prepared by his ministry includes several components, including the urban planning component, with the participation of all actors in the housing sector. Read more. 

 

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